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Dec 7, 2012
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they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have some humility. the french don't seem to have any. those socialists are going to go down with the ship. >> they're going to go down with the ship. when that ship goes down, there's not going to be any millionaires and billionaires left. they will have left and gone to switzerland. be great to get them over here. >> those millionaires that are fleeing france and britain, they're not going to california. >> no. >> the total combined tax rate there is now moving above 50%. they're not going to new york. combined tax rate is above 50%. and oh, yeah, they're not going to
they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have...
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Dec 18, 2012
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germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime minister there. shinzo abe for stronger efforts to beat deflation. in the meantime, india's central bank kept interest rates on hold yesterday ignoring pressure to reduce borrowing costs. policymakers said they were shifting the focus to reducing the economy and that raises the odds of a rate cut as early as january. andrew olson, over to you. >> ubs reportedly nearing a fine of up to $1.5 billion. the bank is close to finalizing a deal with regulators according to the financial times. about three dozen bankers and senior managers are said to face criminal or civil charges. >>> and it's
germany is up, the ftse is up, the france, the cac in france has turned slightly down. but, again, this is a marginal loss of about three points. most of the major asian stock markets were higher overnight. and among the catalyst here, signs that china's recovery is gaining traction. sources say that the bank of japan will ease monetary policy this week and consider adopting a 2% inflation target no later than january. policymakers are seen responding to pressure from the incoming prime...
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Dec 5, 2012
12/12
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up against the swiss franc and up against the yen. been talking about the chancellor george osborne today. the british finance minister expected to ramp up fiscal titan numbers. he specifically might take another pop at the property market. many experts say it's hurt the residential market in greater london. today he might stick another percent on that stamp. he might raise it over 1%. joining us is sue foxley. good to see you. thanks so much for joining us. mark field says -- he's quoted today, he says figures show we've had a 53% decrease in greater london property sales between 2 and 5 million. is it all stamp duty? how much of an impact do you think it's had? >> i think stamp duty was really the nail in the coffin for that part of the market during this period. i mean certainly there is a struggle there in terms of the economy and there is uncertainty in order to make a big investment like that. people are a little bit nervous. i think the caution now is not so much the actual figure, which obviously don't's things particularly ju
up against the swiss franc and up against the yen. been talking about the chancellor george osborne today. the british finance minister expected to ramp up fiscal titan numbers. he specifically might take another pop at the property market. many experts say it's hurt the residential market in greater london. today he might stick another percent on that stamp. he might raise it over 1%. joining us is sue foxley. good to see you. thanks so much for joining us. mark field says -- he's quoted...
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Dec 3, 2012
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in france, the cac up by about two-thirds of 1%. in germany, the dax up by 0.4% and ftse in london is up by a quarter percent. in asia overnight, you did see the hang seng down by about 1.2%. shanghai composite down, as well, down by 1%. in consider rea, the kospi up by 0.6%. oil prices have been a little weaker. down by about seven crept cents. and ten year note yielding 1.61%. that's been stuck in a tight range for quite a while. take a look at the dollar this morning. you'll see the euro at this point is still above 1.30, 1.3029 even though the dollar down across the board. dollar-yen at 82.10. gold prices this morning are up by about $8. as the fiscal cliff approaches, we're wondering what we can expect from the markets. our guest hosts again barry knapp and richard bernstein. barry, you're concerned about the direction the talks have taken. >> yeah, it's interesting as i actually traveled through europe last week, there is all this focus on the timing of getting a deal. but there is not nearly enough focus on what does the deal
in france, the cac up by about two-thirds of 1%. in germany, the dax up by 0.4% and ftse in london is up by a quarter percent. in asia overnight, you did see the hang seng down by about 1.2%. shanghai composite down, as well, down by 1%. in consider rea, the kospi up by 0.6%. oil prices have been a little weaker. down by about seven crept cents. and ten year note yielding 1.61%. that's been stuck in a tight range for quite a while. take a look at the dollar this morning. you'll see the euro at...
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Dec 10, 2012
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we're the biggest company of our kind in france. we're the largest seller of cookbooks in france. we had some issues the first two quarters, during the election, as you know, most of the consumers sat on the sidelines. we're starting to see it come back to life again. so we feel very good about france. ditto germany. >> isn't that incredible. >> rick, 52-week high when compared to avon. incredible. thank you so much for joining us. >> good to be here. >> good to see you. >> all right. stay tuned. sfx- "sounds of african drum and flute" look who's back. again? it's embarrassing it's embarrassing! we can see you carl. we can totally see you. come on you're better than this...all that prowling around. yeah, you're the king of the jungle. have you thought about going vegan carl? hahaha!! you know folks who save hundreds of dollars by switching to geico sure are happy. how happy are they jimmy? happier than antelope with night-vision goggles. nice! get happy. get geico. >>> trip adviser and deutsche bank. >> deutsche bank likes this company. people love it. trip adviser is king. >> deu
we're the biggest company of our kind in france. we're the largest seller of cookbooks in france. we had some issues the first two quarters, during the election, as you know, most of the consumers sat on the sidelines. we're starting to see it come back to life again. so we feel very good about france. ditto germany. >> isn't that incredible. >> rick, 52-week high when compared to avon. incredible. thank you so much for joining us. >> good to be here. >> good to see you....
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Dec 10, 2012
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. >> germany and france at two-week highs last week. >> there's a few countries over there. i like the relative value there. they've got a printing press. they're going to open that. what i learned is you don't fight the tape and don't fight a bailout. i've got about 30% off this country -- outside of this country. and added 10% in emerging markets. now i think that we've had a bloodless revolution again in china, i think it's a great place. look at emerging markets. better value while you wait around. >> and they've done well over the last year. it was just they've been the silent gain. you haven't quite realized they've been doing so well. >> i like it. i wouldn't rush into anything. if you hid cash on the side, what a good time getting in. >> this market has stopped reacting on a minute by minute basis to all the prognostications out of washington on the fiscal cliff. what do you make of that? are we becoming complacent? are we immune? what are you talking about on the floor? >> we just had the president speak. nothing there. china numbers tomorrow. then germany. maybe no
. >> germany and france at two-week highs last week. >> there's a few countries over there. i like the relative value there. they've got a printing press. they're going to open that. what i learned is you don't fight the tape and don't fight a bailout. i've got about 30% off this country -- outside of this country. and added 10% in emerging markets. now i think that we've had a bloodless revolution again in china, i think it's a great place. look at emerging markets. better value...
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Dec 25, 2012
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a penthouse in manhattan, homes in palm beach and the south of france, and yachts in both places. >> he was a big figure in the industry. he was the chairman of nasdaq. he was constantly being honored as "man of the year" of this organization and that. and that--that had an effect on me. >> both sons went to work as traders for their father's firm in the late '80s, a time authorities believe madoff's ponzi scheme was well under way. why would your father want to taint his sons by bringing into a situation that could, well, spell disaster? >> you know, that's-- that's a great question. and that's something that i really agonize over as a son. you know, what my father did was so horrible. and it's hard for me to-- hard for me to understand that. >> bernard l. madoff securities employed over 100 people, but it seemed like a family business. his brother peter and several cousins worked there. mark and andrew worked on the 19th floor of new york's lipstick building, where they legitimately traded securities for the firm and for outside clients. the investment advisory business--the ponzi
a penthouse in manhattan, homes in palm beach and the south of france, and yachts in both places. >> he was a big figure in the industry. he was the chairman of nasdaq. he was constantly being honored as "man of the year" of this organization and that. and that--that had an effect on me. >> both sons went to work as traders for their father's firm in the late '80s, a time authorities believe madoff's ponzi scheme was well under way. why would your father want to taint his...
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Dec 10, 2012
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not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy is rebounding more than expected. >> the exports. >> yeah. >> among the catalyst in asia trading today, economic stats out of china. export growths slowed sharply to 2.9% in december. that news j underscores the global headwinds dragging on the economy. but the chinese economy is showing solid signs of a pick up in domestic activity. industrial output was stronger than expected. the country has been saying for years it needs to shift a little bit from the export model the internal consumption. let their middle class grow and not be nearly as dependent on exports. and china's oil demand in
not great in france, but germany down about .7% and the ftse down fractionally. other news out of europe, debt tieback for from an day to receive additional buyback offers. those would be at deeply discounted prices and that would help lower the country's debt lead. >>> in asia, stocks touched a 16-month high and closed mostly higher on the session with good gains, as you can see, with the kospi up the most, 1.5 points. >> strong nebs out of china which suggest maybe the economy...
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Dec 20, 2012
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but you do see a bit of a decline for germany and france and modest moves across all of these markets. the bank of japan easing monetary policy again today, announcing an increase of its asset buying and lending program by more than $118 billion. that move was widely expected as part of the reason that you had seen the yen under quite a bit of pressure, yesterday, at least. you'll see right now that in japan, the market there actually closed down by just over 1%, 1.2% almost. the hang seng and the shanghai composite were slightly higher. oil prices this morning, you'll see right now, are down by about 4 cents to $89.94, so you have things to pick up in those prices over the last couple of days. and the ten-year note at this point which yesterday was yielding above 1.8%, dropping down to 77.2%. finally, take a look at the dollar and gold. yen is at 83.99. gold prices this morning with all these movements in the currency markets up by about $1.10. >>> winter storm draco is moving across the united states threatening retailers and holiday travelers. paul, we know that sometimes the storm
but you do see a bit of a decline for germany and france and modest moves across all of these markets. the bank of japan easing monetary policy again today, announcing an increase of its asset buying and lending program by more than $118 billion. that move was widely expected as part of the reason that you had seen the yen under quite a bit of pressure, yesterday, at least. you'll see right now that in japan, the market there actually closed down by just over 1%, 1.2% almost. the hang seng and...
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Dec 5, 2012
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rose in france and it pushed the yield below 10%. there you go, pushed the yield on the ten-year below 2%. that rally to the core, france and germany, as you might expect. as far as stocks are concerned, generally we're stuck below horizontal resistance on the dow jones stock. if we break above that, it could be significant. ? we fail it could be significant. earlier in in china on the comment we got from the new head of the communist party, you have the best gains in three months on the chinese market. that fed automatically into the miners in europe. there has been some selling into it, but still broadly they are still higher. i do want to mention a couple corporate stories. apple is clearly down, margin requirements are being raised on some of those -- for some people who are extending apple shares, but nokia has had a very good day today. it's launched two phones, one priced at $249 to bring it light slid lower price for most people. most importantly launched a phone in participation with china mobile, which is -- which works wit
rose in france and it pushed the yield below 10%. there you go, pushed the yield on the ten-year below 2%. that rally to the core, france and germany, as you might expect. as far as stocks are concerned, generally we're stuck below horizontal resistance on the dow jones stock. if we break above that, it could be significant. ? we fail it could be significant. earlier in in china on the comment we got from the new head of the communist party, you have the best gains in three months on the...
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Dec 5, 2012
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an 18th century castle in france was destroyed by mistake! a polish renovation company had been hired to restore it but they accidentally demolisheded it. an exact copy of the castle will be rebuilt because the guy who owns it is a russian trilli trillionaire. how do you make that kind of mistake? >> it is like the woman that tried to repaint that painting? oops. remember that? >> that's our favorite story on "street signs." we love that. >>> next up, is pandora's mega plunge a big buying opportunity or is the business model gone too far? >>> plus, apple having its worst day in months losing market share to android. how is microsoft still the biggest loser in the bunch? tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2
an 18th century castle in france was destroyed by mistake! a polish renovation company had been hired to restore it but they accidentally demolisheded it. an exact copy of the castle will be rebuilt because the guy who owns it is a russian trilli trillionaire. how do you make that kind of mistake? >> it is like the woman that tried to repaint that painting? oops. remember that? >> that's our favorite story on "street signs." we love that. >>> next up, is pandora's...
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Dec 13, 2012
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he, though, has been one of the more outspoke nn france about high tax rates overtime and even warning sarkozy about raising taxes. i'm sure if anyone, he's happy to make this an issue. >> did you see his net worth, supposedly? 120 million and i don't know whether that's euros or dollars. he's made a lot of movies. he's very charming in the airplane, if you remember. >> joe, are you skulking at $120 million of in the net worth? am i what? >> can you scoffing, saying that 120 million is extraordinarily low? >> no. she's hearing the audio from the audio room. >> no, that wasn't me. that was a sound track of a french guy that we ran long ago on the show. no, i -- god bless him. for an actor to accrue that much i think is great. and i like him. i like his movies. i think he ought to get going and order salad a few more times, but -- >> didn't he have a problem in an airplane? >> i think that was him, yeah. the aisles were clogged. thanks, kelly. yeah, you're right. i hate the when that happens. it's been more than a month sips the election. next we'll have the post election nnz "wall stree
he, though, has been one of the more outspoke nn france about high tax rates overtime and even warning sarkozy about raising taxes. i'm sure if anyone, he's happy to make this an issue. >> did you see his net worth, supposedly? 120 million and i don't know whether that's euros or dollars. he's made a lot of movies. he's very charming in the airplane, if you remember. >> joe, are you skulking at $120 million of in the net worth? am i what? >> can you scoffing, saying that 120...
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Dec 28, 2012
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he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happening is this money is beginning to flow into, from the public safety net to support the banks so you have the recapitalization of the banks but that isn't of course good news for everybody in the case of the ipo from last year you have 53,000 small shareholders there effectively having their positions in the debt smashed against the whole. they've been selling out again today to try and retrieve what they can because it is in the negative equity and arguably they'll get nothing as we go through the motions further down the line. it lost another 25% of what is left of the market capitalization today. a number of the other spanish banks are also in negative territory and some of the spanish big industrials are also down today. under performance on madrid. just got to mention wher
he was optimistic on france as well despite the fact the data is indicating we'll still get a contraction in the third quarter, for most of the eurozone. germany's economic position is arguably deteriorating but still schauble there is relatively optimistic that the crisis is over. in the meantime what is also happening is this money is beginning to flow into, from the public safety net to support the banks so you have the recapitalization of the banks but that isn't of course good news for...
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Dec 7, 2012
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how can the markets in switzerland, netherlands, sweden, france, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with their intransigence and anger, we were about to have an explosion in earnings. retail was as strong as i've seen it in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're running short of office buildings, shopping centers, apartments, homes, these are the hiring sectors, all this blather about helping the small businessman of subchapter "s" for private and middle class, you want to help them? give them a deal, any deal, just get out of our way for heaven sakes. our country is starting to get so competitive, again, that businesses building things over there now want to build them here. tim cook tells brian williams that his company's going to make macs in this country. we're better than china. meanwhile our energy costs are plummeting courtesy of the cleaner, cheaper fuel,
how can the markets in switzerland, netherlands, sweden, france, germany do better than us? how is that possible? because of you, washington. it's because of you. we've been kept back all because of you. second, before our politicians stepped in with their intransigence and anger, we were about to have an explosion in earnings. retail was as strong as i've seen it in a decade, autos back incredibly robust. and that's just the beginning. because all the pent up demand. we're running short of...
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Dec 4, 2012
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they've had some new economic data out of france, for instance. some finance ministers meeting as well in brussels. >> it's a bit of a holding pattern waiting for the fiscal cliff, for the greek debt buyback to go through on thursday. >>> the european markets are closing now. >> so no great direction in the markets today. it is interesting, i think, both angela merkel attended today her party conference, the cdu, the christian democrats, conservatives, she launched her campaign to run germany for a third time. the election is in the third quarter of next year. she actually warned against premature optimism over the crisis saying the worst is not over and we must be cautious going forward. now to a certain extent she would say that, would she not? otherwise we're not out of the woods. keep me in charge. but that was the message that came out of germany today. elsewhere as we kind of wait for things to happen, it's interesting the bond markets continue to rally. we were talking about this yesterday that greece has priced the debt buyback where it ha
they've had some new economic data out of france, for instance. some finance ministers meeting as well in brussels. >> it's a bit of a holding pattern waiting for the fiscal cliff, for the greek debt buyback to go through on thursday. >>> the european markets are closing now. >> so no great direction in the markets today. it is interesting, i think, both angela merkel attended today her party conference, the cdu, the christian democrats, conservatives, she launched her...
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Dec 3, 2012
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a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. t
a 52-week high in france and germany. our road map this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest...
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Dec 26, 2012
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the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front. we'll have more on the data and whether it can keep one of the best performing sectors of 2012, home builders going in 2013. >> data showing what some experts say is the slowest growth in spending since the 2008 recession. according to mastercard, spending polls units through christmas eve, retail sales rose just .7% from the year before. the national retail federation says it is forecasting a 4% jump in sales. we'll continue to get trickles of data as we progress through this last week. it is still an important week, the final week before the new year in terms of retail sales for these guys. >> historical
the uk and france among those celebrating foxing day. we start off with, what else, retail. dips in spending in the mid-atlantic and northeast regions. luxury sales also weak. >> we're coming off the worst christmas eve for the dow since 2006. as the president cuts short his hawaiian vacation to deal with the fiscal cliff, just five days to go until we go over. >> threatening both coasts with workers snubbing up best and final contract offer. >> and more on the home front....
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Dec 5, 2012
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in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up. he accepted that. i want to know if his opinion is modified or is he considering laying off tax and business investment for fear that it will give us less of it. >> two very interesting questions there about what effect a change in taxes does to behavior. i think you can't deny the fact that it does change behavior. is there right. it is very complicated math. when they start saying it is math, it is really complicated math. you show me someone who can do that study -- >> it goes back to that idea, you raise a tax on something, you'll get less of it! >> no doubt about it. >> jim iuorio, thank you. >>> rem
in both france and england we've seen a tremendous amount of steps taken for tax avoidance when they hire -- >> people leave. >> my only question, there have been studies done on that in the united states to figure out what the effect would be. my second question would be, back in '08 when the president was debating hillary clinton accepted the concept that every time we've raised capital gains tax, the receipts from that have gone down. every time we've lowered it, they've gone up....
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Dec 6, 2012
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france 52-week high. bombay, india, 552-week high. not a lot of rosy news out there, i know it sounds word to see all these stock markets with 52-week highs. there's not a lot of good news, and yet, still, we get record yields. we had a french bond auction, i don't normally talk about the french bond auctions, but i have to note, 1% on a six-year? record low yields, 1.27 low on a 7 year. the 15-year they had was record lows. we have this poor outlook, we still got the bond market flying, prices are way up here, the ecb's got everybody's back. a remarkable move in europe, a lot of people have been wrong and betting against him and been wrong. and a key point of course is central bank activism all over the world is helping prop up bonds and stocks, bank of japan, bank of england, federal reserve, the ecb, everybody out there has basically got bond investors back at this point. important thing moving on about the fiscal cliff. the biggest story passed around here this morning was the politico article where they finally put a name on maki
france 52-week high. bombay, india, 552-week high. not a lot of rosy news out there, i know it sounds word to see all these stock markets with 52-week highs. there's not a lot of good news, and yet, still, we get record yields. we had a french bond auction, i don't normally talk about the french bond auctions, but i have to note, 1% on a six-year? record low yields, 1.27 low on a 7 year. the 15-year they had was record lows. we have this poor outlook, we still got the bond market flying, prices...
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Dec 11, 2012
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plus the flight from france. why a french icon is packing up and moving to belgium. [ male a] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'e
plus the flight from france. why a french icon is packing up and moving to belgium. [ male a] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ we create easy-to-use, powerful trading tools for all. look at these...
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Dec 17, 2012
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right now, the ftse is down by about 31 points in france the cac is off by 14 points. in asia overnight, we did see marketed markets. hang seng was down .4%. shanghai composite was up by about 4.5%. oil prices have been off by about 22 cents the last time we checked. right now down by six cents to $86.67. the ten-year note at this hour is yielding 1.723%. wow. yields come back up. i was out for about three days last week and yields have come back a little bit. dollar at this point is stronger against the euro. the euro is at 1.3159. we have seen the euro gaining ground. gold prices have been down slightly. down by 1,692. it's interesting to come back after three days and see it. >> it's telling the move would bring that reaction. >> it is. because it was stuck for so long. i haven't seen a 1.7 -- >> it went 8, 7, 6, 5, 4, 7 -- >> i haven't seen 1.7 in weeks and weeks. >> i was saying it's telling about how incredibly dead and -- telling about the ten-year, how boring and how narrow the range has been. like when greenspan said, i need to see that. he hasn't needed to se
right now, the ftse is down by about 31 points in france the cac is off by 14 points. in asia overnight, we did see marketed markets. hang seng was down .4%. shanghai composite was up by about 4.5%. oil prices have been off by about 22 cents the last time we checked. right now down by six cents to $86.67. the ten-year note at this hour is yielding 1.723%. wow. yields come back up. i was out for about three days last week and yields have come back a little bit. dollar at this point is stronger...
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Dec 12, 2012
12/12
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. >> i think, though, of france. would you stay in france? >> of course we will. >> you see people moving out of france. >> we can have opinions about their policies. i think they're doing some things that are counterproductive, by the way, that they're finding that way. the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money losing factory, what effect will that have on somebody who might want to expand his or her business? if you know that you can never -- if you know you have a liquidity -- illiquidity and can never get out of a position, are you much less likely to go into it? sure. the ramifications and consequence of their policies are starting to be felt there now. we're not going to get out of it. it's a big gdp. we're very active there. some of the greatest companies in the world are french companies. >> i asked this of jamie, and it's an important question, given some of the reputational hit
. >> i think, though, of france. would you stay in france? >> of course we will. >> you see people moving out of france. >> we can have opinions about their policies. i think they're doing some things that are counterproductive, by the way, that they're finding that way. the government is a huge part of their gdp, decision making is not really marketing. there's unintended consequences of their policy. for example, if you cannot shut down a poorly performing or money...
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Dec 17, 2012
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we are in the france, uk and spain and all of our businesses are growing in each market. we're hiring in all of those markets. anybody who wants to know. >> have you changed the mix of samples depending on the economic environment? for instance in 2008 did you have maybe a lower end price point product as well as a higher end or no? >> that's one thing about the beauty industry, trends are always changing. it's an accessible luxury. you've heard of the lipstick effect. when the company goes down people want to treat themselves. one thing we've seen this year is male trends. nail polish, nail art. >> carl loves nail polish. he just loves it. >> what are all those people who give out samples in department stores going to do when you put them out of business? >> they're doing something different. department store sampling and sampling in stores is a loyalty moment. it's not a great thing to do for customer acquisition. you still have to get a customer to walk up to you. we're doing something really different. it's customer acquisition and it's in a very targeted and smart wa
we are in the france, uk and spain and all of our businesses are growing in each market. we're hiring in all of those markets. anybody who wants to know. >> have you changed the mix of samples depending on the economic environment? for instance in 2008 did you have maybe a lower end price point product as well as a higher end or no? >> that's one thing about the beauty industry, trends are always changing. it's an accessible luxury. you've heard of the lipstick effect. when the...
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Dec 19, 2012
12/12
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adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally time? >> i want to click my heels, but these are soft reeboks. you wouldn't hear it. >> are we going to see that, finally, at last? >> the way people were coming on and saying it's going to zero. >> running for the exit. >> when was the euro dissolved and greece kicked out? what was the date? >> it happened just in reverse. >> it was overnight. >> we'll see. i can't believe 2013 will not hold a couple of moments where we go, ah. but it is amazing. nothing we can do. >> we're afraid spain is going to come -- spain was supposed to come to market. italy, oh, my, what happens whe
adding employees to europe, france, germany, very strong. similar to what bill mcdermott has been saying. we are all so doom and gloom about europe, ellison's talking about it's a bright spot. >> what about germany today, up again for december, as we mentioned at the top of the show, above $1.33 a day. something's going on there. the big upgrade on greece. that's kind of strange, right? >> up four or five notches. >> i have to stand up for a second. $8. >> is it finally...
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Dec 11, 2012
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primarily the swiss franc raising deposit rates, which swiss franc deposits can be held. a gain in the euro. the first day of the two-day fed meeting, where it's widely anticipated the fed will embark on further stimulus action. >> it will be hard to say how expansionary that move is. if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look at the cnbc realtime exchange. we did see the features point to a higher open. here at the big board, coca-col coca-cola -- [ bell ringing ] >> and ringing the bell there. trip adviser, interesting deal, because the pricing at which the shares were bought. >> you've got to remember, of course, you have a change in voting control. it had been controlled by barry diller, it will now be controlled by liberty media. they will own 22% of the economics of trib adviser, but 57% of the total votes of the company, effectively controlling the company. so any thoughts you might have as a shareholder in er
primarily the swiss franc raising deposit rates, which swiss franc deposits can be held. a gain in the euro. the first day of the two-day fed meeting, where it's widely anticipated the fed will embark on further stimulus action. >> it will be hard to say how expansionary that move is. if you're ben bernanke, why would you throw a curveball at this hour. we'll see. that press conference, a little more than 24 hours from now. >> we're continuing e inine ini more on trip adviser. look...
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Dec 27, 2012
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france, 2.08. the u.s., 2.06, ireland, 2.01. in red, they're looking at next generations that will get smaller and smaller and smaller. the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available, the bottom of this list was singapore at .78. i know we're dealing with so many issues nowadays and i blow a gasket over many of them, whether fiscal cliff, unfunded liabilities, at some point, growth is the answer. when you start considering where the engines of growth have been and what their population declines may be, it makes one wonder, where is the horsepower from global growth will come from and this at some point needs to affect the picks in your stock portfolio. back to you. >> rick, i'll take it from you, rick santelli. >>> eve
france, 2.08. the u.s., 2.06, ireland, 2.01. in red, they're looking at next generations that will get smaller and smaller and smaller. the uk, well under 2. china, 1.55. we know they've actually implemented policies because they want to control population. in the bigger picture, fooling around with mother nature in this way could have hugely negative consequences. russia 1.43 and germany, 1.41. at the very bottom of the list, other than certain countries where the information is not available,...
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Dec 31, 2012
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right now in europe, you can see that france is higher. the cac is up by 1%. >> you get rid of that 75% tax and that's what happens. >> exactly. the court ruled that unconstitutional, that 75% tax the way it has been laid out. maybe that's why you do see that cac moving higher there. also, take a look at what happened overnight in asia. the shanghai composite was up by 1.6%. japan, the nikkei, up by 0.7%. a lot of these markets are probably closed for new year's. also, take a look at the oil board today. you'll see that oil prices are down by about 35 cents, $90.45 a barrel. and the ten-year note, the yield was around 1.7% the last time we checked. the dollar has also been reacting rather well. all things considered. right now, the dollar is continuing up against most of these currencies. dollar versus the euro, euro is at 1.3193. dollar/yen is at 86.12 and gold prices have been a little higher this morning on, as well. you can see they're up by $5.70. $1,661 an ounce. joe. >> thank you. lawmakers are continuing fiscal cliff discussions th
right now in europe, you can see that france is higher. the cac is up by 1%. >> you get rid of that 75% tax and that's what happens. >> exactly. the court ruled that unconstitutional, that 75% tax the way it has been laid out. maybe that's why you do see that cac moving higher there. also, take a look at what happened overnight in asia. the shanghai composite was up by 1.6%. japan, the nikkei, up by 0.7%. a lot of these markets are probably closed for new year's. also, take a look...
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Dec 4, 2012
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in france, the cac up by about 0.7%. much more modest gains. ftse actually just about break even at this point. germany, the dax up by about 0.3%. in asia, you saw the hang seng was up just barely. korea was up just barely. the shanghai composite was up by close to 0.8%. and nikkei down by about a quarter percentage point. oil prices this morning pulling back a little bit. down another 33 cents to $88.76. yesterday we did see oil cross above $90 for the first time since october 22nd. ended up down at about $89. but crossing early in the morning above $90. the ten year note at this point yielding 1.639%. i feel like we look at the same board board every morning. euro still up above 1.30. the dollar-yen at 81.99. and gold prices this morning slightly lower. down by about $15. $1704.40 an ounce. kevin ferry at the cme, kevin, we are watching the fiscal cliff every single day kind of watching negotiations as they play out. maybe that's not the wisest thing to do with the markets. what are the things that are popping up and have you thinking about s
in france, the cac up by about 0.7%. much more modest gains. ftse actually just about break even at this point. germany, the dax up by about 0.3%. in asia, you saw the hang seng was up just barely. korea was up just barely. the shanghai composite was up by close to 0.8%. and nikkei down by about a quarter percentage point. oil prices this morning pulling back a little bit. down another 33 cents to $88.76. yesterday we did see oil cross above $90 for the first time since october 22nd. ended up...
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Dec 6, 2012
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you also see gains with the cac in france and the ftse in london. in asia overnight, you did see slight drop by the hang seng and shanghai, those were big gainers the day before. and in japan, the nikkei up by 0.8%, kospi up 1%. oil prices this morning are trading up about 28 cents, 88.16. the ten year note this morning is sitting right at 1.85%. you to you see pressure on the yield. dollar down once again today. the yen at 82.37. and the euro at 1.30777. and gold prices at this point are up 1.20. $1659 and ounce. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm supposed to do what to myself? no, that's not boehner. >> on the economic front, i guess
you also see gains with the cac in france and the ftse in london. in asia overnight, you did see slight drop by the hang seng and shanghai, those were big gainers the day before. and in japan, the nikkei up by 0.8%, kospi up 1%. oil prices this morning are trading up about 28 cents, 88.16. the ten year note this morning is sitting right at 1.85%. you to you see pressure on the yield. dollar down once again today. the yen at 82.37. and the euro at 1.30777. and gold prices at this point are up...
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Dec 24, 2012
12/12
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france at 1:00 p.m. local. germany, italy, switzerland all closed for the day. markets in asia seeing some fairly calm preholiday sessions. here is a look at the hang seng and the nikkei as they performed overnight. or not. there they are at the bottom. all right. meantime former italian prime minister silvio berlusconi is sitting down with cnbc italy over the weekend saying he does not want to run for prime minister but is obligated to. our chief international correspondent joins us with more. we need a lesson on italian politics. what's going on? >> well, silvio berlusconi the former prime minister of italy so colorful with his convictions for fraud, sentenced to time in jail but nobody thinks he will. he is going to marry his 27-year-old girlfriend though he is not fully divorced. he is 72. here is sitting down with cnbc italy. yes, we do have a cnbc italy, quite powerful in italy. and he says, oh, he did not want to run for prime minister again but people have been twisting his arm because when he looked at the data, carl, he is the only one who can bring 40
france at 1:00 p.m. local. germany, italy, switzerland all closed for the day. markets in asia seeing some fairly calm preholiday sessions. here is a look at the hang seng and the nikkei as they performed overnight. or not. there they are at the bottom. all right. meantime former italian prime minister silvio berlusconi is sitting down with cnbc italy over the weekend saying he does not want to run for prime minister but is obligated to. our chief international correspondent joins us with more....
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Dec 31, 2012
12/12
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the seven-time tour de france winner was stripped of his titles, lost his sponsorships and left the board of his famous cancer charity live strong, after the u.s. anti-doping agency found he engaged in a long term pattern of blood doping during his career. he denies using performance enhancing drugs. wrong side of the street, few things are more universal for american children than sesame street and elmo. which makes the elmo sex scandal all the more shocking. kevin clash resigned as the voice of elmo after allegations he had sexual contact with underaged males. congress behaving badly. the whiff of scandal doesn't mean you can't win a race for congress. jesse jackson, jr. of illinois was re-elected even though he was absent for months due to mental health issues. under federal investigation for misusing congressional resources. weeks after the election he resigned. prolife republican congressman of tennessee had urged his pregnant mistress to get an abortion a decade ago. he denied the woman was pregnant or had an abortion and he was re-elected by 12 points. number five, lybor pafrnts on
the seven-time tour de france winner was stripped of his titles, lost his sponsorships and left the board of his famous cancer charity live strong, after the u.s. anti-doping agency found he engaged in a long term pattern of blood doping during his career. he denies using performance enhancing drugs. wrong side of the street, few things are more universal for american children than sesame street and elmo. which makes the elmo sex scandal all the more shocking. kevin clash resigned as the voice...
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Dec 26, 2012
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. >> i'm married to a woman from france. i'm saying it correct. >> i just wanted to rip off the title because i thought it was such a stupid book. >> have you read the book? >> i read like the first seven chapters and after that -- >> was interest anything in there you hadn't already done yourself? >> no, believe it or not i'm actually fairly conservative when it comes to sexual e escapades and you have several nights before going to bed. >> seriously? >> no. if you're going to hit me, do it out in the open but i don't want to do it sexually. did you read the entire trilogy? >> it's just unreadable. why do women want to read this -- no offense to the author, she's made billions on it. it's one of the most badly written books -- >> why would you read that? >> out of pure curiosity. every woman i knew was reading it. i didn't get it. men would never read that stuff in a million years. >> it's a phenomenon. i don't profess to be a scholarly writer per se. i know my books are really silly and stupid but i at least think they're
. >> i'm married to a woman from france. i'm saying it correct. >> i just wanted to rip off the title because i thought it was such a stupid book. >> have you read the book? >> i read like the first seven chapters and after that -- >> was interest anything in there you hadn't already done yourself? >> no, believe it or not i'm actually fairly conservative when it comes to sexual e escapades and you have several nights before going to bed. >> seriously?...
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Dec 27, 2012
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they gained independence in the 60s and france's president said we are not getting involved. we will protect the french nationals. we have seen this before and other african crisis sometimes it escalated to genocide. nobody is helping or thinking that is going to happen now, but there have been so-called peace talks and if the rebels want to overcome government forcesings they seem to have had success in going towards the capital and elsewhere. >> richard roth, appreciate it. >> former president george hw bush in intensive care in a houston hospital. we have the latest on his condition, next. [ cellphone chirping ] [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announcer ] the sprint drive first app. blocks and replies to texts while you drive. we can live without the &. visit sprint.com/drive. ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it
they gained independence in the 60s and france's president said we are not getting involved. we will protect the french nationals. we have seen this before and other african crisis sometimes it escalated to genocide. nobody is helping or thinking that is going to happen now, but there have been so-called peace talks and if the rebels want to overcome government forcesings they seem to have had success in going towards the capital and elsewhere. >> richard roth, appreciate it. >>...
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Dec 27, 2012
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now if you're traveling to france, you can have a whopper, although i don't think you're a vegetarian are you? >> yes, i am. but you've got to wonder what they saw in their research that made them go back to france. >> i think it's just globalization. you have more people traveling. you have americans -- it's widely known that americans are all over the market. bigger market and place to go. not too terribly surprising. >> lisa sylvester, thanks. >>> new englanders are shoveling snow while southerners are shir v shivering. the latest on what is a winter storm and what is coming next. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ sof
now if you're traveling to france, you can have a whopper, although i don't think you're a vegetarian are you? >> yes, i am. but you've got to wonder what they saw in their research that made them go back to france. >> i think it's just globalization. you have more people traveling. you have americans -- it's widely known that americans are all over the market. bigger market and place to go. not too terribly surprising. >> lisa sylvester, thanks. >>> new englanders...
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Dec 26, 2012
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the seven-time tour de france winner was stripped of his title, lost his sponsorships and even left the board of his charity, live strong, after they found that he engaged in a long-term pattern of blood doping during his career. armstrong still denies using performance enhancing drugs. >> number seven, wrong side of the street. few things are more universal for american children than sesame street and elmo, which makes the elmo sex scandal all the more shocking. kevin clash resigned as the iconic voice of elmo after allegations surfaced that years ago, he had sexual contact with underaged males. the show said no one there knew anything about it. >> number six, congress behaving badly. democratic congressman jesse jackson jr. of illinois was re-elected even though he was absent for months due to mental health issues and under federal investigation for misusing fralsh resources. weeks after the election, he resigned. during the campaign, allegations surfaced that this man had urged his pregnant mistress to get an abortion decades ago. he denied the affair or the abortion and was re-elect
the seven-time tour de france winner was stripped of his title, lost his sponsorships and even left the board of his charity, live strong, after they found that he engaged in a long-term pattern of blood doping during his career. armstrong still denies using performance enhancing drugs. >> number seven, wrong side of the street. few things are more universal for american children than sesame street and elmo, which makes the elmo sex scandal all the more shocking. kevin clash resigned as...
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Dec 4, 2012
12/12
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. >>> is president obama considering the vogue editor ambassador to the united kingdom or france? she's among a handful of top obama fund-raisers interested in the post. she's said to have inspired the film "the devil wears prada." that would be very interesting. >> she knows both cities very well. >> and she has quite a reputation for being a tough negotiator. >> thank you. >>> tony blair is standing by to join us live. we're going to talk about the international suspicions that syria's regime may be preparing to use chemical weapons against its own people. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. he opened up jake's very private world. at first, jake's family t
. >>> is president obama considering the vogue editor ambassador to the united kingdom or france? she's among a handful of top obama fund-raisers interested in the post. she's said to have inspired the film "the devil wears prada." that would be very interesting. >> she knows both cities very well. >> and she has quite a reputation for being a tough negotiator. >> thank you. >>> tony blair is standing by to join us live. we're going to talk about...
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Dec 12, 2012
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joins britain, france and turkey in recognizing the syrian opposition. >>> michigan the cradle of the organized labor movement, is now a right to work state. last night michigan governor ri rick snyder kept his word and signed the bill into law despite thousands of protesters. >> this is an area where obviously people disagree but i'm confident this is in the best interest of michiganers. this will lead to more and better jobs. >> the legislation means public and private sector workers in michigan will not have to join a union or pay union dues if they choose not to. >>> hugo chavez is recovering from six hours of surgery in cuba this morning, this is the fourth cancer-related operation for the venezuelan president since the summer of 2011. his vice president tells the people of venezuela the procedure on chavez was complex but completed successfully and correctly. >>> close encounter of the asteroid kind. two ast roits buzzed earth, one of them passing inside the earth's orbit. one came been 140,000 miles of our planet. the cool part it caused an eclipse only visible to astronomers b
joins britain, france and turkey in recognizing the syrian opposition. >>> michigan the cradle of the organized labor movement, is now a right to work state. last night michigan governor ri rick snyder kept his word and signed the bill into law despite thousands of protesters. >> this is an area where obviously people disagree but i'm confident this is in the best interest of michiganers. this will lead to more and better jobs. >> the legislation means public and private...
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Dec 29, 2012
12/12
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the seven-time tour de france winner was stripped of his titles, lost his sponsorships, even left the board of his famous cancer charity live strong after the u.s. anti-doping agency found that he engaged in a long-term pattern of blood doping during his career. armstrong still denies using performance-enhancing drugs. >>> number seven, wrong side of the street. few things are more universal for american children than sesame street and elmo which makes the elmo sex scandal all the more shocking. kevin clash resigned as the iconic voice of elmo after allegations surfaced that years ago, had he sexual contact with underage males. the show says no one there knew anything about it. >>> number six, congress behaving badly. the whiff of scandal doesn't mean you can't win a race for congress. democratic congressman jesse jackson junior of illinois was re-elected even though he was absent for months due to mental health issues and underfederal investigation, for misusing congressional resources. weeks after the election, he resigned. during the campaign, allegations surfaced ta pro-life repub
the seven-time tour de france winner was stripped of his titles, lost his sponsorships, even left the board of his famous cancer charity live strong after the u.s. anti-doping agency found that he engaged in a long-term pattern of blood doping during his career. armstrong still denies using performance-enhancing drugs. >>> number seven, wrong side of the street. few things are more universal for american children than sesame street and elmo which makes the elmo sex scandal all the more...
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Dec 27, 2012
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she wanted to get full custody and live in france. that was denied. there's a lot of friction there and it came to a head when gabriel came over on thanksgiving day and got into a fight with olivier martinez, her current fiance. >> it wasn't just a fight. it was a brawl. >> grown men fighting over halle berry and this -- >> there it is. >> there's gabriel aubrey. >> then we released that photo and i pulled it up on my blackberry, i audibly gasped. i couldn't believe it. >> that's a classic movie-making black eye. olivier martinez, he's small but packs a punch. he's a boxer. gabriel i don't think knew what he was getting into with this fight. things have calmed down with them. they haven't disclosed the new arrangement. things are quieter. halle's in paris right now for the holidays. >> with olivier? >> yes. >> never a dull moment in your world. >> 2013, we'll see what has. >> i'm sure there will be plenty more scandals. bradley jacobs, senior editor for "us weekly." we'll see what happens. drew? >>> coming up, what the fbi was doing to keep tabs on th
she wanted to get full custody and live in france. that was denied. there's a lot of friction there and it came to a head when gabriel came over on thanksgiving day and got into a fight with olivier martinez, her current fiance. >> it wasn't just a fight. it was a brawl. >> grown men fighting over halle berry and this -- >> there it is. >> there's gabriel aubrey. >> then we released that photo and i pulled it up on my blackberry, i audibly gasped. i couldn't...
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Dec 10, 2012
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strauss-kahn says that it was consensual but it ruined his shot of becoming france's president. >>> there has been a huge drop in gas prices. 46 sentcents a gallon. ali velshi says they could even drop more. >> a lot of it depends on what happens to the price of oil and that is going to depend on what happens in the world economy. there are two things happening right now that we need to think about. one is the fiscal cliff and recession in europe if things continue to slow down economically, we'll see less demand for gasoline and if there's more tension in the middle east, we'll see higher prices for oil. so those are two things that could affect the price of oil which will affect the price of gasoline. >> the average price at the pump is now down to $3.38 a gallon. the price of a gallon of gas is something that i have always tracked. it's kind of a game i played with my father. who could play the cheapest gas in town. >>> so what went wrong for republicans on election day? the gop is now planning what some are calling an autopsy with prominent members in charge of trying to pinpoint prob
strauss-kahn says that it was consensual but it ruined his shot of becoming france's president. >>> there has been a huge drop in gas prices. 46 sentcents a gallon. ali velshi says they could even drop more. >> a lot of it depends on what happens to the price of oil and that is going to depend on what happens in the world economy. there are two things happening right now that we need to think about. one is the fiscal cliff and recession in europe if things continue to slow down...
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Dec 23, 2012
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and i love my mother, who's here with me, frances scott, and i'm very thankful to the good lord and to a strong mom who believes that sometimes love has to come at the end of a switch, and she loves me a lot. and i'll tell you that along that way, that when times got tough and when i was flunking out of high school -- when i failed world geography, civics, spanish and english -- when you fail spanish and english, they don't call you bilingual, ok? they may refer to you as biignic because you can't speak any language. i will tell you that my mother did not quit on me. i also had the good fortune of meeting a meant more from chick-fil-a who taught me basic biblical principles and it has served well. our nation finds itself in a situation where we need some backbone, we need to make very difficult decisions. so often we have a conversation about how do we create enough revenue to solve the problem. i learned early in my 20's that if you have a problem with spending, there's not enough revenue to make up for it. we have a spending problem, ladies and gentlemen, in america, and not a revenu
and i love my mother, who's here with me, frances scott, and i'm very thankful to the good lord and to a strong mom who believes that sometimes love has to come at the end of a switch, and she loves me a lot. and i'll tell you that along that way, that when times got tough and when i was flunking out of high school -- when i failed world geography, civics, spanish and english -- when you fail spanish and english, they don't call you bilingual, ok? they may refer to you as biignic because you...
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Dec 30, 2012
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if we're not careful, we will walk away from it and soon, unfortunately, we'll be like france. >> do you have any sense there is a generational sense on views how the government should serve the public among younger americans than it is among baby boomers and older? >> i'm hopeful we can convince the cross section of the younger generation that their contribution to our system to their families, to their community will make a difference. if they are willing to have that spirit at the local level within their communities then america will continue to be strong. if they are unwilling to take on that piece of each of our responsibility then i'm afraid we'll be on the wrong pathway and the future of america will be in jeopardy. >> you were here during 9/11. >> i was. >> think back to those days and make you can talk about what it was like to serve this institution during 9/11. >> that was one of those times that will never leave my imagination. i was headed for a sub committee on defense of appropriation for a meeting when i herd about an airplane crashing into a building. all of our mem
if we're not careful, we will walk away from it and soon, unfortunately, we'll be like france. >> do you have any sense there is a generational sense on views how the government should serve the public among younger americans than it is among baby boomers and older? >> i'm hopeful we can convince the cross section of the younger generation that their contribution to our system to their families, to their community will make a difference. if they are willing to have that spirit at...
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Dec 26, 2012
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the next highest was france and germany. united king come 9.6. and germany and france on many measures are getting better healthcare out comes than we are. and we know if you fast forward to 2012 we're not spending that, we're over 18%. 1 in every 6 dollars in this economy is going to healthcare. and however much one saves on healthcare, 40% of that flows through to the federal government because the federal government is paying 40% of healthcare in this country, actually something more than that. there is lots of room to save money in this healthcare system and there by save money in medicare and medicaid. we're talking about a very small percentage about what we intend to spend over the next ten years in the savings that are being discussed. the same is true on discretionary savings. the president called for $200 billion. discretionary savings on top of the billion that has been done. but if we put it in perspective we're going to spend in the domestic accounts in the next ten years $11.6 trillion. so a $200 billion savings is 1.7% of what we'r
the next highest was france and germany. united king come 9.6. and germany and france on many measures are getting better healthcare out comes than we are. and we know if you fast forward to 2012 we're not spending that, we're over 18%. 1 in every 6 dollars in this economy is going to healthcare. and however much one saves on healthcare, 40% of that flows through to the federal government because the federal government is paying 40% of healthcare in this country, actually something more than...
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Dec 28, 2012
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if we're not careful, we will walk away from it and soon, unfortunately, we'll be like france. >> do you have any sense there is a generational sense on views how the government should serve the public among younger americans than it is among baby boomers and older? >> i'm hopeful we can convince the cross section of the younger generation that their contribution to our system to their families, to their community will make a difference. if they are willing to have that spirit at the local level within their communities then america will continue to be strong. if they are unwilling to take on that piece of each of our responsibility then i'm afraid we'll be on the wrong pathway and the future of america will be in jeopardy. >> you were here during 9/11. >> i was. >> think back to those days and make you can talk about what it was like to serve this institution during 9/11. >> that was one of those times that will never leave my imagination. i was headed for a sub committee on defense of appropriation for a meeting when i herd about an airplane crashing into a building. all of our mem
if we're not careful, we will walk away from it and soon, unfortunately, we'll be like france. >> do you have any sense there is a generational sense on views how the government should serve the public among younger americans than it is among baby boomers and older? >> i'm hopeful we can convince the cross section of the younger generation that their contribution to our system to their families, to their community will make a difference. if they are willing to have that spirit at...
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Dec 26, 2012
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do we need to go to coalition partners britain and france? where is the potential for mission creep and escalation? which is exactly what we house -- what we saw happen in somalia and it dovetailed off over mogadishu. and i do not think you mentioned to the warlords, did you? gregg's warlords are not here. of taking care of these problems. >> that is foreign internal defense. >> right now we have three personnel who are part of the monusco mission. when we had the training effort underway for the 391st, it was about 60 folks. there are now out. it is a limited footprint. about 17,000 u.n. troops in the congo. >> all of these different non state, non uniform belligerents coming together against our efforts, is there a potential there? >> no. i would like to underscore what has been said. we're not talking about american soldiers on the ground, engaged against rebel groups in the drc. that is not something that is in our game plan or in our thinking. what we need to focus on -- >> train and enable? >> to train and unable, build capacity. >> bui
do we need to go to coalition partners britain and france? where is the potential for mission creep and escalation? which is exactly what we house -- what we saw happen in somalia and it dovetailed off over mogadishu. and i do not think you mentioned to the warlords, did you? gregg's warlords are not here. of taking care of these problems. >> that is foreign internal defense. >> right now we have three personnel who are part of the monusco mission. when we had the training effort...